Soaring Corn Prices Impact Meat Production

NEW YORK The soaring price of corn will present a major challenge for pork, chicken and beef producers for at least the next five years, leading to sustained increases in wholesale and retail prices, reduced production and flattened U.S. per capita consumption of meats in the foreseeable future, analysts predicted in a conference call hosted by Wachovia Capital Markets last week. The price of corn,

NEW YORK — The soaring price of corn will present a major challenge for pork, chicken and beef producers for at least the next five years, leading to sustained increases in wholesale and retail prices, reduced production and flattened U.S. per capita consumption of meats in the foreseeable future, analysts predicted in a conference call hosted by Wachovia Capital Markets last week.

The price of corn, which animal producers use as a primary feed source, has doubled from $2 to $4

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TAGS: Meat